EverCompliant, which Fights Money Laundering, Raises Funding from AmEx
The New York-based company develops a system that uses artificial intelligence to automatically identify culprits funneling illicit funds through seemingly legitimate storefront websites
Tofi Stoler | 17:29 14.03.2018
American Express’ investment arm has made a strategic investment in electronic money laundering prevention company EverCompliant Ltd., the company announced Tuesday. Previous investors in the EverCompliant include London-based fund Arbor Ventures, Israel-based Carmel Ventures and New York-based venture capital firms Nyca Partners and StarFarm Ventures, a firm dedicated to investments in Israeli startups.
For daily updates, subscribe to our newsletter by clicking here.The financial details of the deal were not disclosed. EverCompliant plans to use the funds to recruit more personnel and develop its technology.
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